Longboat's Christ Church buys adjacent commercial buildings

BUYER: 6350 GMD LLC, Longboat Key
SELLER: Samuel and Hilda Hood
PROPERTY: 6350 Gulf of Mexico Drive, Longboat Key
PRICE: $1.1 million
LAW FIRM ON DEED: Porges Hamlin Knowles & Hawk PA, Bradenton

PLANS, DESCRIPTION:
Christ Church of Longboat Key, Presbyterian (U.S.A.) purchased a two building, 8,614-square-foot office development for $1.1 million.

The price equated to $128 per square foot. That figure is higher than the two-year average price per square foot for office space ($119) in the Tampa Bay area, according to the CoStar Group.

The 1.3-acre parcel features a 5,028-square-foot office building and a 3,586-square-foot mixed-use building. Current tenants include Longboat Key Financial & Insurance Group, RJV Hospitality Services, Longboat Title Services, attorney D. Turner Matthews and RVA Resort Vacations.

Christ Church, which is located directly south of the commercial buildings, plans to use the space primarily for additional parking. It previously had an agreement to use 20 parking spaces during season. Once the existing tenant leases expire, the church expects to use the buildings for office or meeting space.

—additional reporting by Kurt Schultheis, contributor